A New Tax System (Family Assistance) Act 1999

Schedules

Schedule 1 - Family Tax Benefit Rate Calculator  

Part 5 - Common provisions  

Division 4 - Reduction for family tax benefit advance  

47   Changing the repayment period - individual requests longer period  
Request for longer repayment period

(1)    
The Secretary may determine that the number of days in a repayment period for a family tax benefit advance paid to an individual is to be increased if:

(a) the individual has made a request in accordance with subclause (2) for a longer repayment period; and

(b) the Secretary is satisfied that:

(i) special circumstances relevant to the repayment of the advance exist in relation to the individual that could not reasonably have been foreseen at the time of the individual ' s request for a family tax benefit advance; and

(ii) the individual would suffer severe financial hardship if the number of days in the repayment period were not increased as determined.

(2)    
The request must be made in a form and manner, contain any information, and be accompanied by any documents, required by the Secretary.

Secretary may vary the determination

(3)    
The Secretary may, in writing, vary the determination so as to reduce the number of days in the repayment period but only if:

(a) the Secretary is satisfied that the individual would not suffer severe financial hardship because of the variation; and

(b) the amount by which the individual ' s Part A rate is to be reduced under clause 5 or 25A , as a result of the variation, is not greater than the standard reduction.